648,000 shares traded today for a sp rise of 1.5c. i get the impression that the dumper of the past couple of months is still around selling his 5m. holdings down further.
in the 2009 annual report Ridgeview Holdings has ..... 5,166,666 shares.
in the 2010 annual report, Ridgeway Holdings has ..... 2,568,167
so there is your seller (i reckon) who is keeping the sp in check.
therefore, you could argue that this seller is, in effect, keeping a lid on the sp; and when he is out you would assume that the sp will abruptly push higher towards 50c.
those 2010 top20 numbers are from 3 weeks ago, & with good volumes going thru today he may well be into his last 1m. to sell off.
the positive on this, if my arguement is correct, is that there is a great buying opportunity right now.
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.820M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5384 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 49822 | 1 |
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| Last trade - 16.21pm 04/07/2025 (20 minute delay) ? |
| MCO (ASX) Chart |
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